NWGC Discussion 08/09/2014 20:10:23 $NWGC
12 mil in revs from mining gold? No way. Millions from mining shares? Yup
Cite your source
so you do agree that the assets are over 12MM. Or do you also want to say it's a lie--which is it--in your imagination?
FACT: Shareholders of Record is only 230, and that is under the 2000 that the SEC has the Rule on. That is what the SEC goes off of, not what you think, and or want to put in as a number!
GLTA
In that case boca bob better call another CC. The shareholders have some concerns to say the least..
As of sept 2013. Great point. Could be 5000 right now, correct?
that should be stickied Bux
Shareholders of Record is only 230, and that is under the 2000 that the SEC has the Rule on.
We don't know that any of that is true. Unless you have linking verifying it? What do know is that bob funneled billions of the sister company shares to NWGC and Roy meadows. Per the disclosure filings.
Mods, Please sticky this post over my old valuation sticky.
Over 12 million is key here, no longer a smaller reporting company. What you're citing isn't relative anymore. Words are tricky.
NWGC Valuation DD (with links) Updated 8/9/14 After Conference Call
These values are based on current DD – Any change in values via PR will change this valuation.
New Q2 information reveals assets are $12.5M
From the previous financial statement, we know that NWGC had $11.7M in assets, including accounts payable, equipment, leased gold mines, inventory, etc.
We know that they had revenues of $2,488,516 for Q1 2014 and revenues of $4,990,196 for Q2 2014, and after costs, the net PROFIT was $750,000 for Q1 and $1,503,621 net PROFIT Q2.
http://ih.advfn.com/p.php?pid=nmona&article=63165937
We can annualize the amounts by adding Q1 & Q2 together and multiplying by 2 (two quarters times two equals 4 quarters); this give us $14,957,424 in revenues per YEAR and about $4,507,242 NET PROFITS per year.
Profits grew Q2 2013 to Q2 2014 by 82.9%!!!!
The most recent O/S directly from the transfer agent is 637M shares. That’s an EPS of $.007 per share!
Starting in August, they are opening a new mill to produce $2M more in net profits, PLUS the new tailings revenues of $5M per year, and about $2M in additional profits.
http://ih.advfn.com/p.php?pid=nmona&article=62854204
That means about $8,507,242M net profits for the 2014 year or $.013 EARNINGS PER SHARE.
We also know that they have 3 mills, currently milling for 7 mines, to be increased to 12 mines in mid-August (or almost double the production) and another mill being added in November/December.
http://www.otcmarkets.com/stock/NWGC/news/New...64&b=y
http://www.otcmarkets.com/stock/NWGC/news/New...14&b=y
http://www.otcmarkets.com/financialReportView...;id=120877
Currently, we know from PR’s and directly from the company website that the company has 695,000 in PROVEN reserves and 1,200,000 in probable reserves. On the conference call, the CEO mentioned that they have nearly 800,000 oz in PROVEN gold now. We also know the new redeveloped website is coming in 7-10 days from today. For the sake of this DD, we will use PROVEN only.
We also know that as of August 15, 2014, the company is opening mill in Ecuador estimated to produce around $2M NET PROFITS per year in addition to the existing mines and milling operations.
http://www.otcmarkets.com/stock/NWGC/news/New...84&b=y
The most current gold price, as of 08/06/2014 is $1316 per oz.
http://goldprice.org/
The average P/E ratio of mining companies is around 20.
From the Conference Call, the average cost to mine for NWGC, for an ounce of gold is $750 per oz.
Thank goodness NWGC is mostly involved with milling! But they do still have their own mine as well.
So what we have here is 800,000oz of proven gold, and if you multiply that by today’s gold price of $1,309 per oz, you get
800,000 x $1309 = $1,047,200,000 Dollars of Proven Gold
Take the same $800,000oz and multiply that by the $750 per oz average cost
800,000 x $750 = $600,000,000 in cost to mine the gold
Now we take the revenues and subtract the costs:
$1,047,200,000 - $600,000,000 = $447,200,000 PROFIT over the lifespan of the recoverable gold.
We know from the conference call they are milling 25-30oz per day at 25 days per month, or 7500 oz per year conservatively.
Now let’s take a look at what all this means for valuation.
We can do an ULTRA conservative valuation, and not include ANY of the assets; this, of course, would be foolish, but just for argument’s sake, let’s see what it brings us.
$8,507,000 NET PROFIT / 637,000,000 shares O/S = $.013 per share. $.013 earnings per share x a conservative P/E ratio of 10 = $.13 per share ULTRA CONSERVATIVE. (this does not include gold reserves or assets, only profits)
Now we can do the full liberal valuation, which means we expect the full 82% (per the CC) of the gold oz to be recovered.
800,000 x 82% = 656,000 x $1309 per oz price = $858,704,000
800,000 x 82% = 656,000 x $750 per oz cost = $492,000,000
Net Recoverable Value of Gold = $366,704,000
Listed Assets of $12,537,000
Annual Net Profits $8,547,202
Total Assets plus profits = $387,788,202 / 637,000,000 shares O/S = $.60 x P/E ratio of 10 = $6.00 per share!!!!!!!!!!!!!!
Now for the market’s sake, let’s not take the ultra conservative nor the ultra liberal, but right down the middle of the road. That is $3.06 per share!!!!!!!!!!!
And I would say that's a "fair" market value, considering the time-value of money, given the amount of time to recover all the assets.
Any way you cut it, slice, it, or view it, $NWGC is severely undervalued! They are growing, producing, and have profits Q over Q. They have assets and reserves. They are expanding. This is a GREAT STOCK to have in your portfolio. I expect huge gains from this point forward.
Lastly, the CEO mentioned very specifically a share buyback may be in the works, EVERY QUARTER, and that will increase the value dramatically northwards. Stay tuned!
All the Best,
Computerbux
Correct, we all seem agree on this SEC Rule of filling, and I do not have any objections, pertaining to it, at this time.
GLTA
Correct. It is very easy to miss that.
So we all agree. Any objections?
Ok I got that wrong lol.
They only have to file if assets are above 10 million AND shareholders above 2000
Re-read it...or call the SEC. It has the word "or" in it.
You should reread that quote that you posted--the operative word is "or" as opposed to "and."
Right. Now why did bob funnel billions of shares from the sister company to NWGC and Roy meadows? Did NWGC dispose the sister company shares? Where's the filings for receivership?
New World Gold Corporation Continues to Show Growth in Operations Through Increases in Revenue and Profits
Print
Alert
New World Gold Corp. (PC) (USOTC:NWGC)
Historical Stock Chart
1 Month : From Jul 2014 to Aug 2014
Click Here for more New World Gold Corp. (PC) Charts.
New World Gold Corporation (OTC Pink:NWGC), a gold mining and milling company with existing operations in Ecuador and Peru, shows growth through increased revenues and profits for the second quarter ending June 30,2014.
The financial results for the second quarter ending June 30, 2014 show revenues of $4,990,196 versus $3,641,305 last year. This represents an increase of 37% over the second quarter ending June 30,2013. For the period ending the second quarter June 30, 2014, the Company had net profits of $1,503,621 versus $822,172 last year. This represents an increase of 82.9% over the second period ending June 30,2013.
The Balance Sheet shows total assets at $12,537,025 at June 30, 2014 versus $8,560,935 last year. The ratio of asset to liability is 2.6 to 1. The Company continues to show growth in assets, revenues and profits.
New World Gold Corporation trades in the United States on the OTC Pink under the symbol “NWGC”. For further information, please contact the Company at 561-210-8496 or www.newworldgoldcorp.com or investors can find real time quotes and market information for the Company on www.otcmarkets.com.
NOTE: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 involving risks and uncertainties. Results, events and performances could vary from those contemplated. These statements involve risks and uncertainties which may cause results, expressed or implied, to differ from predicted outcomes. Risks and uncertainties include but are not limited to product demand, market competition and New World Gold's ability to meet current and future plans. Investors should study and understand all risks before making an investment decision. Readers are recommended not to place undue reliance on forward-looking statements or information. New World Gold is not obligated to publicly release revisions to any forward-looking statement, to reflect events or circumstances afterward, or to disclose unanticipated occurrences except as required under applicable law.
New World Gold Corporation
Robert Talbot, 561-210-8496
www.newworldgoldcorp.com
12 mil in revs from mining gold? No way. Millions from mining shares? Yup
Cite your source
so you do agree that the assets are over 12MM. Or do you also want to say it's a lie--which is it--in your imagination?
FACT: Shareholders of Record is only 230, and that is under the 2000 that the SEC has the Rule on. That is what the SEC goes off of, not what you think, and or want to put in as a number!
GLTA
In that case boca bob better call another CC. The shareholders have some concerns to say the least..
As of sept 2013. Great point. Could be 5000 right now, correct?
that should be stickied Bux
Shareholders of Record is only 230, and that is under the 2000 that the SEC has the Rule on.
We don't know that any of that is true. Unless you have linking verifying it? What do know is that bob funneled billions of the sister company shares to NWGC and Roy meadows. Per the disclosure filings.
Mods, Please sticky this post over my old valuation sticky.
Over 12 million is key here, no longer a smaller reporting company. What you're citing isn't relative anymore. Words are tricky.
NWGC Valuation DD (with links) Updated 8/9/14 After Conference Call
These values are based on current DD – Any change in values via PR will change this valuation.
New Q2 information reveals assets are $12.5M
From the previous financial statement, we know that NWGC had $11.7M in assets, including accounts payable, equipment, leased gold mines, inventory, etc.
We know that they had revenues of $2,488,516 for Q1 2014 and revenues of $4,990,196 for Q2 2014, and after costs, the net PROFIT was $750,000 for Q1 and $1,503,621 net PROFIT Q2.
http://ih.advfn.com/p.php?pid=nmona&article=63165937
We can annualize the amounts by adding Q1 & Q2 together and multiplying by 2 (two quarters times two equals 4 quarters); this give us $14,957,424 in revenues per YEAR and about $4,507,242 NET PROFITS per year.
Profits grew Q2 2013 to Q2 2014 by 82.9%!!!!
The most recent O/S directly from the transfer agent is 637M shares. That’s an EPS of $.007 per share!
Starting in August, they are opening a new mill to produce $2M more in net profits, PLUS the new tailings revenues of $5M per year, and about $2M in additional profits.
http://ih.advfn.com/p.php?pid=nmona&article=62854204
That means about $8,507,242M net profits for the 2014 year or $.013 EARNINGS PER SHARE.
We also know that they have 3 mills, currently milling for 7 mines, to be increased to 12 mines in mid-August (or almost double the production) and another mill being added in November/December.
http://www.otcmarkets.com/stock/NWGC/news/New...64&b=y
http://www.otcmarkets.com/stock/NWGC/news/New...14&b=y
http://www.otcmarkets.com/financialReportView...;id=120877
Currently, we know from PR’s and directly from the company website that the company has 695,000 in PROVEN reserves and 1,200,000 in probable reserves. On the conference call, the CEO mentioned that they have nearly 800,000 oz in PROVEN gold now. We also know the new redeveloped website is coming in 7-10 days from today. For the sake of this DD, we will use PROVEN only.
We also know that as of August 15, 2014, the company is opening mill in Ecuador estimated to produce around $2M NET PROFITS per year in addition to the existing mines and milling operations.
http://www.otcmarkets.com/stock/NWGC/news/New...84&b=y
The most current gold price, as of 08/06/2014 is $1316 per oz.
http://goldprice.org/
The average P/E ratio of mining companies is around 20.
From the Conference Call, the average cost to mine for NWGC, for an ounce of gold is $750 per oz.
Thank goodness NWGC is mostly involved with milling! But they do still have their own mine as well.
So what we have here is 800,000oz of proven gold, and if you multiply that by today’s gold price of $1,309 per oz, you get
800,000 x $1309 = $1,047,200,000 Dollars of Proven Gold
Take the same $800,000oz and multiply that by the $750 per oz average cost
800,000 x $750 = $600,000,000 in cost to mine the gold
Now we take the revenues and subtract the costs:
$1,047,200,000 - $600,000,000 = $447,200,000 PROFIT over the lifespan of the recoverable gold.
We know from the conference call they are milling 25-30oz per day at 25 days per month, or 7500 oz per year conservatively.
Now let’s take a look at what all this means for valuation.
We can do an ULTRA conservative valuation, and not include ANY of the assets; this, of course, would be foolish, but just for argument’s sake, let’s see what it brings us.
$8,507,000 NET PROFIT / 637,000,000 shares O/S = $.013 per share. $.013 earnings per share x a conservative P/E ratio of 10 = $.13 per share ULTRA CONSERVATIVE. (this does not include gold reserves or assets, only profits)
Now we can do the full liberal valuation, which means we expect the full 82% (per the CC) of the gold oz to be recovered.
800,000 x 82% = 656,000 x $1309 per oz price = $858,704,000
800,000 x 82% = 656,000 x $750 per oz cost = $492,000,000
Net Recoverable Value of Gold = $366,704,000
Listed Assets of $12,537,000
Annual Net Profits $8,547,202
Total Assets plus profits = $387,788,202 / 637,000,000 shares O/S = $.60 x P/E ratio of 10 = $6.00 per share!!!!!!!!!!!!!!
Now for the market’s sake, let’s not take the ultra conservative nor the ultra liberal, but right down the middle of the road. That is $3.06 per share!!!!!!!!!!!
And I would say that's a "fair" market value, considering the time-value of money, given the amount of time to recover all the assets.
Any way you cut it, slice, it, or view it, $NWGC is severely undervalued! They are growing, producing, and have profits Q over Q. They have assets and reserves. They are expanding. This is a GREAT STOCK to have in your portfolio. I expect huge gains from this point forward.
Lastly, the CEO mentioned very specifically a share buyback may be in the works, EVERY QUARTER, and that will increase the value dramatically northwards. Stay tuned!
All the Best,
Computerbux
Correct, we all seem agree on this SEC Rule of filling, and I do not have any objections, pertaining to it, at this time.
GLTA
Correct. It is very easy to miss that.
So we all agree. Any objections?
Ok I got that wrong lol.
They only have to file if assets are above 10 million AND shareholders above 2000
Re-read it...or call the SEC. It has the word "or" in it.
You should reread that quote that you posted--the operative word is "or" as opposed to "and."
Right. Now why did bob funnel billions of shares from the sister company to NWGC and Roy meadows? Did NWGC dispose the sister company shares? Where's the filings for receivership?
New World Gold Corporation Continues to Show Growth in Operations Through Increases in Revenue and Profits
Alert
New World Gold Corp. (PC) (USOTC:NWGC)
Historical Stock Chart
1 Month : From Jul 2014 to Aug 2014
Click Here for more New World Gold Corp. (PC) Charts.
New World Gold Corporation (OTC Pink:NWGC), a gold mining and milling company with existing operations in Ecuador and Peru, shows growth through increased revenues and profits for the second quarter ending June 30,2014.
The financial results for the second quarter ending June 30, 2014 show revenues of $4,990,196 versus $3,641,305 last year. This represents an increase of 37% over the second quarter ending June 30,2013. For the period ending the second quarter June 30, 2014, the Company had net profits of $1,503,621 versus $822,172 last year. This represents an increase of 82.9% over the second period ending June 30,2013.
The Balance Sheet shows total assets at $12,537,025 at June 30, 2014 versus $8,560,935 last year. The ratio of asset to liability is 2.6 to 1. The Company continues to show growth in assets, revenues and profits.
New World Gold Corporation trades in the United States on the OTC Pink under the symbol “NWGC”. For further information, please contact the Company at 561-210-8496 or www.newworldgoldcorp.com or investors can find real time quotes and market information for the Company on www.otcmarkets.com.
NOTE: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 involving risks and uncertainties. Results, events and performances could vary from those contemplated. These statements involve risks and uncertainties which may cause results, expressed or implied, to differ from predicted outcomes. Risks and uncertainties include but are not limited to product demand, market competition and New World Gold's ability to meet current and future plans. Investors should study and understand all risks before making an investment decision. Readers are recommended not to place undue reliance on forward-looking statements or information. New World Gold is not obligated to publicly release revisions to any forward-looking statement, to reflect events or circumstances afterward, or to disclose unanticipated occurrences except as required under applicable law.
New World Gold Corporation
Robert Talbot, 561-210-8496
www.newworldgoldcorp.com
